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Non-take-up of Tax-favored Savings Plans: Are Household Portfolios Optimal?

Alessie, Rob; Hochguertel, Stefan; van Soest, Arthur - 2001

Since the early nineties, the Dutch tax system allows for a tax-favored form of risk free savings through employer …-sponsored savings plans (ESSPs). Under some conditions and up to a certain amount, the contributions to this planare tax-deductible, and … suggests that those who have access to this type of savings should participate inthem, provided they have some financial wealth …

Persistent link: https://www.econbiz.de/10010324947

Interactions Between Financial Incentives and Health in the Early Retirement Decision

Garcia-Gomez, Pilar; Galama, Titus J.; van Doorslaer, Eddy - 2017

We present a theory of the relation between health and retirement that generates testable predictions regarding the interaction of health, wealth and financial incentives in retirement decisions. The theory predicts (i) that wealthier individuals (compared to poorer individuals) are more likely...

Persistent link: https://www.econbiz.de/10011662542

US and European Household Debt and Credit Constraints

Crook, Jonathan; Hochguertel, Stefan - 2007

consumption models, including a numerically solved precautionary savings model. We find that inter-country differences are …

Persistent link: https://www.econbiz.de/10010325196

Optimal Sharing of Labor Productivity Risks and Mix of Pay-as-You-Go and Savings

Kusmerski, Debora - 2012

Pay-As-You-Go (PAYG) social security, and the mix of PAYG and savings for retirement provision in a small open economy. It … exposure. The paper also provides a condition for partial displacement of savings by the PAYG, which is in line with …

Persistent link: https://www.econbiz.de/10012712681

Saving and Habit Formation: Evidence from Dutch Panel Data

Alessie, Rob; Teppa, Federica - 2002

This paper focuses on the role of habit formation in individual preferencesover consumption and saving. We closely relate to Alessie and Lusardi's(1997) model as we estimate a model which is based on their closed-formsolution, where saving is expressed as a function of lagged saving and...

Persistent link: https://www.econbiz.de/10010324978

Private Wealth and Job Exit at Older Age: a Random Effects Model

Bloemen, Hans - 2008

Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore important to include a rich set of observed...

Persistent link: https://www.econbiz.de/10010325943

Savings Adequacy Uncertainty: Driver or Obstacle to Increased Pension Contributions?

van Schie, Ron J.G.; Donkers, Bas; Dellaert, Benedict G.C. - 2012

data from a representative Dutch household panel to study the impact of uncertainty regarding one's savings adequacy on … retirement savings contributions and information search processes. We combine ideas from the literature in psychology and … economics that provide opposing predictions regarding the impact of uncertainty on retirement savings contributions. Our results …

Persistent link: https://www.econbiz.de/10010326496

Retirement Choices in Italy: What an Option Value Model tells us

Belloni, Michele; Alessie, Rob - 2010

Using Italian data, we estimate an option value model to quantify the effectof financial incentives on retirement choices. As far as we know, this isthe first empirical study to estimate the conditional multiple-years modelput forward by Stock and Wise (1990). This implies that we account...

Persistent link: https://www.econbiz.de/10010325652

Entrepreneurial Moral Hazard in Income Insurance

Ejrnaes, Mette; Hochguertel, Stefan - 2008

We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the context of an unemployment insurance scheme for self-employed, wherewe estimate how much of the transition probability to unemployment can be causally attributedto being insured....

Persistent link: https://www.econbiz.de/10010325911

Semiparametric Identification in Panel Data Discrete Response Models

Aristodemou, Eleni - 2018

This paper studies semiparametric identification in linear index discrete response panel data models with fixed effects. Departing from the classic binary response static panel data model, this paper examines identification in the binary response dynamic panel data model and the ordered response...

Persistent link: https://www.econbiz.de/10011932336

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